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(407) 900-7902
Submit
  • Home
  • Properties
  • Buyers
    • Buyers Ultimate Guide
    • Critical Role of the REALTOR®
    • Get Pre-Approved
    • Down Payment
      • Down Payment Assistance
      • Down Payment Resource
    • Buyers Worksheet
    • Schedule a Free Consultation
    • Movinghub
    • FAQs
  • Sellers
    • EXPRESS OFFERS
    • Sellers Ultimate Guide
    • Critical Role of the REALTOR®
    • What is My Home Worth?
    • Schedule a Free Consultation
    • Movinghub
  • Renters
    • For Rent
    • Lease with a Right to Purchase Program
      • About the Program
      • How it Works
      • Benefits to Residents
      • Resident Pre-Qualification
      • FAQs
      • Company Overview
    • Movinghub
  • Investors
    • Join Investors List
    • Investment Condos
      • Philippine Investment Condos
    • Vacation Homes
      • The Grove Resort
        • The Grove – Marquis
        • The Grove – Sterling
  • Homeowners
    • Homestead Exemption
    • Empower Home Progam
  • Blog
  • Contact
    • Testimonials
Florida Homes By Rau

We solve real estate problems!

(407) 900-7902
Submit

Loans & Lending Terms

VOCABULARY

Term.
Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, shorter terms mean you pay less interest over the life of the loan.

Fixed vs. adjustable interest rates.
A fixed rate allows you to lock in a low interest rate as long as you hold the mortgage and, in general, is a good choice if interest rates are low. An adjustable-rate mortgage (ARM) usually offers a lower rate that will rise as market rates increase. ARMs usually have a limit as to how much and how frequently the interest rate can be increased. These types of mortgages are a good choice when fixed interest rates are high or if you expect your income to grow significantly in the coming years.

Non-traditional mortgages.
Also sometimes called “exotic,” these mortgage types were common in the run-up to the housing crisis, and often featured loans with low initial payments that increase over time.

Balloon mortgage.
This is a form of non-traditional financing where your interest rate will be very low for a short period of time—often three to seven years. Payments usually only cover interest so the principal owed is not reduced. This type of loan may be a good choice if you think you will sell your home at a large profit in a few years.

Government-backed loans.
These loans are sponsored by agencies such as the Federal Housing Administration or the Department of Veterans Affairs. They offer special terms, including reduced interest rates to qualified buyers. VA Loans are open to veterans, reservists, active-duty personnel, and surviving spouses and are one of the only options available for zero down payment loans. FHA loans are open to anyone, and while they do require a down payment, it can be as low as 3.5 percent. Drawbacks include a slower loan process and—for FHA loans—the need to pay mortgage insurance.

However…
As the housing market shifts, so do lending practices. A mortgage broker—an independent professional who acts as an intermediary between you and lending institutions—may be able to help you find a better rate than you can on your own. Also, be sure to shop around; slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment.

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eXp Realty is the first cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America and the first and only real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 15,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

homesbyrau

Tynna Rau | Florida Realtor®
So glad to be able to help another Filipino family So glad to be able to help another Filipino family relocate to central Florida! Congratulations Villanueva family! 🚚 🌴 🏠 🎉 🍾

#homesbyrau #realtorrau #teamrau #popitwhenyoucloseit #kissimmeerealestate #kissimmeerealtor #filipinoinrealestate #filipinorealtor #filipinoinflorida #champagneclosing #justsold #exprealty #filams #movingtokissimmee #centralfloridarealtor #filipinorealtorflorida #movingtocentralflorida #celebrationtitlegroup
Stoked to earn these socks from Google for writing Stoked to earn these socks from Google for writing reviews on local businesses! 🗺📍🌎 

#turninglocal #localguides #orlandolocal #floridalocal #realtorrau #winnierau
Congratulations to Devon and Maria that closed on Congratulations to Devon and Maria that closed on their home in the Tampa area. They were originally looking for an affordable resale house and they ended up with a brand new single family home. Thanks to my fellow EXP agent partner Richard for making this possible! Teamwork makes the dream work! 🫱🏽‍🫲🏼 🎉 🏠

#newhomesbyrau #homesbyrau #realtorrau #teamrau #newconstruction #newconstructionhome #moveinready #tamparealestate #tamparealtor#tampanewconstruction #centralfloridarealestate #centralfloridarealtor #filipinorealestateagent #filipinoinflorida
I’m so lucky that most of my clients are awesome I’m so lucky that most of my clients are awesome and treat me like their friend/family. Getting invited to events like this is very flatterring! 🥰 💕✨

Thank you and congratulations Gremarie and Edward for the new baby boy!🤰🏽👶🏽💙

#itsaboy #babyshower #wesleychapel #riverlanding #florida #filipinoinflorida #filipinos #buntis
Family potrait 04.30.2022 👩🏽‍❤️‍👨 Family potrait 04.30.2022 👩🏽‍❤️‍👨🏽🐶
#winnierau
Congratulations to my sellers! Their property was Congratulations to my sellers! Their property was listed for only 5 days before we accepted a cash offer getting them 30k over what they wanted to net. Enjoy the beginning of your retirement! 
🏡🥂💃🏽🏦 

#homesbyrau #realtorrau #teamrau #soldbyrau #filipinolistingagent #popitwhenyoucloseit #popitwhenyousellit #orlandolistingagent #centralfloridalistingagent #filipinalistingagent #listingspecialist
Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 

#closingday #teamrau #tampa #florida #centexhomes #homesbyrau #realtorrau #winnierau #winniecoopcoop #toyotasiennahybrid #toyotasienna #yorkie #tampaflorida #newconstruction
One of the most fun parts of buying new constructi One of the most fun parts of buying new construction is picking and planning all the details and styles. In this step, I get just as excited as the future new homeowners! 🤩🔑📐🦺

#newhomesbyrau #homesbyrau #realtorrau #newconstruction #newconstructionhome #moveinready #gainesvillerealestate #centralfloridarealtor #filipinorealtor #filipinoinflorida #filipinoinrealestate #homedesign #newconstructionprocess
Congratulations to my buyers for getting this home Congratulations to my buyers for getting this home under contract! When I sent them the listing for this home they were surprised how quickly I found exactly what they were looking for. It’s always validating when my clients are excited and happy. 😌 📄 ✍🏼 

#homesbyrau #realtorrau #offeraccepted #undercontract #stcloudrealestate #stcloudrealtor #filipinorealestateagent #filipinorealtor #centralfloridarealtor #movingtoflorida
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Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
May 23, 2022 Monday!
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